Roundups
News roundup – Between
The Hedges
The 6am Cut London – alphaville
/ FT
Asia Morning MoneyBeat: Making Money in About Half
the Time – WSJ
Europe Morning MoneyBeat: Gains Ahead Amid Signs of
Growth – WSJ
MORNING BRIEFINGS
Germany's second-quarter gross domestic production, and the euro area's flash
consumer confidence index are expected to confirm the European recovery. US home sales are seen dipping slightly, possibly
because of the higher mortgage rates.
Market Preview: German GDP and EU consumer
confidence eyed– TradingFloor
European markets are
expected to open higher Friday. Traders await the EU consumer confidence index
today which is likely to show an improvement for August. Meanwhile, today's
final reading of German Q2 GDP and US new home sales data are also eyed.
Danske Daily – Danske
Bank (pdf)
The most important release is new home sales in the US. The very strong
existing home sales released earlier in the week suggest some upside and so far
the higher mortgage rates do not appear to have weakened the US housing market substantially.
Market comment: Euro zone finally starting to
see some light – Nordea
Bonds continue
under pressure – some profit taking in store ahead of the weekend? * Equities
helped by positive data * Spanish bonds better placed to benefit from improving
sentiment compared to Italian ones * Euro-zone confidence data continue to
improve * ECB’s Nowotny sees no need for further rate cuts * Fisher says he is
not alone in supporting a September tapering * US new home sales and Euro-zone
consumer confidence ahead
Aamukatsaus – Nordea
Vihreitä versoja
syksyn kynnyksellä * Vielä neljä vuotta, Angie? * Ruotsin työttömyysaste laski
heinäkuussa
Aamukatsaus – Tapiola
(pdf)
Euroalueen positiiviset ostopäällikköindeksien
ennakot nostivat osakemarkkinoita. Tänään euroalueen kuluttajaluottamuksen
ennakko, josta toivotaan jatkoa euroalueen parantuvalle makrodatalle. Osakefutuurit
plussalla, indikoiden nousuavausta OMX HEX:iin. Päivitimme eilen
sijoitussuositukset: ETF-sektoreissa lisäsimme syklistä riskiä. Korkosijoituksissa
lyhensimme maturiteettia ja lisäsimme luottoriskiä.
EUROPE
UNITED STATES
Moody’s Reviews U.S. Bank Ratings to Consider
Reduced Government Support – WSJ
Moody’s Threatens to Cut Credit Ratings of
Banks – NYT
ASIA
Why Asian Markets Are Collapsing In 3 Simple
Charts – ZH
Morgan Stanley: Asia with the most leveraged balance sheets in the world today, later stages
of a cycle when leverage has already increased and the cycle turns more
adverse, credit environment deteriorating.
FINNISH
Vieraskynä:
Rakenneuudistukset voivat koitua Urpilaisen kohtaloksi
– HS
Kokoomus ja
Sdp yrittivät "hallittua rakennemuutosta" viimeksi 1980-luvulla.
EU ei
olisi este Sipilän – Soinin hallitukselle – Ilkka
Autoveron nosto meni metsään – valtio
menettää kymmeniä miljoonia euroja – YLE